The U.S. Senate on Wednesday approved, by unanimous consent, a non-binding resolution stating that FTX founder Sam Bankman-Fried should not receive a presidential pardon or sentence commutation under any circumstances. The measure was introduced jointly by the two leaders of the Senate Banking Committee’s digital assets subcommittee: Senator Cynthia Lummis, a Wyoming Republican, and Senator Ruben Gallego, an Arizona Democrat. Lummis, one of the crypto industry’s most consistent supporters in Congress and a longtime advocate for a legislative framework for the sector, took a clear position in this case that Bankman-Fried should remain incarcerated. Gallego’s comment was even shorter: “Keep him in jail.” Under his current sentence, Bankman-Fried would be eligible to seek release around 2044.
On July 16, BlockBeats reported that the U.S. Senate on Wednesday passed a resolution by unanimous consent declaring that FTX founder Sam Bankman-Fried should not receive a presidential pardon or sentence commutation under any circumstances.
The resolution is non-binding. It was introduced jointly by the two leaders of the Senate Banking Committee’s digital assets subcommittee: Senator Cynthia Lummis, a Wyoming Republican, and Senator Ruben Gallego, an Arizona Democrat.
Lummis has been one of the crypto industry’s strongest supporters in Congress and has spent years pushing for a legislative framework for the sector, but in this case she took a clear position that Bankman-Fried should remain behind bars. Gallego summed up his view in a short statement: “Keep him in jail.”
Under Bankman-Fried’s current sentence, he would be eligible to seek release around 2044.
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